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When: 30 October 2020
Type: Webinar
Join WSG member firm, Arendt & Medernach, as they host a webinar on Real Estate Tax Measures - Focus on Scope, Impact and Solutions.

Budget 2021: Real Estate Tax Measures - Focus on Scope, Impact and Solutions

When

Friday, October 30
11:00-11:45 EDT

On 14 October 2020, the Luxembourg government filed the 2021 budget bill of law (no 7666) with the Parliament. The proposed measures are driven primarily by the COVID-19 crisis and resulting budget constraints, as well as the will to ensure social fairness and competitiveness.

In this context, the government deliberately chose not to increase or introduce new taxes for individuals, such as inheritance or wealth taxes, but it proposes inter alia to introduce an already much-talked about 20% real estate levy as of 1 January 2021 on gross income (rents and capital gains) derived by certain investment funds from real estate located in Luxembourg. In addition, the government proposes to raise transfer taxes on contributions of Luxembourg real estate and to introduce a prohibition for family wealth management companies (SPF) to invest into real estate through tax transparent partnerships.

Our tax experts have performed an in-depth analysis of these measures and will provide you with an insight into their exact scope and main consequences for the Luxembourg real estate market.

Speaker: Alain Goebel

Should you have any questions, please contact [email protected]

Click here to register.

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WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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